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household financial assets. Our results suggest that banks information policies have the potential to be an effective tool to … increase individuals' financial literacy and that the relationship between financial literacy and wealth is largely …
Persistent link: https://www.econbiz.de/10010289931
combining data from multiple surveys, we create an integrated measure of volatility in available household resources, accounting … for fluctuations in income and out-of-pocket medical expenses, as well as financial wealth sufficient to buffer against …
Persistent link: https://www.econbiz.de/10010289981
We study effects of financial incentives on the retirement age using stated preference data. Dutch survey respondents were given hypothetical retirement scenarios describing age(s) of (partial and full) retirement and replacement rate(s). A structural model is estimated in which utility is the...
Persistent link: https://www.econbiz.de/10010276701
wealth accumulation, their holdings of financial assets, and the relative risk in their chosen asset portfolios that have …, and the level of economic resources of the household. These may be cognitively demanding decisions at any age but … especially so at older ages. This research examines the association of cognitive skills with wealth, wealth growth, and wealth …
Persistent link: https://www.econbiz.de/10010269015
The accepted view among psychologists and economists alike is that household income has statistically significant but … circumstances of households. Using data drawn from the 2001 and 2002 waves of the Household, Income and Labour Dynamics in Australia … (HILDA) Survey, this paper demonstrates that wealth, which can be viewed as providing a degree of economic security, is at …
Persistent link: https://www.econbiz.de/10010261799
with household income. The paper uses household economic panel data from five countries – Australia, Britain, Germany … countries wealth affects life satisfaction more than income. In the countries for which consumption data are available (Britain …, results from panel regression fixed effects models indicate that changes in wealth, income and consumption all produce …
Persistent link: https://www.econbiz.de/10010261968
and women, compared to non-Jews, with additional analyses of earnings, self-employment, and wealth. The Jews in Colonial …-employed professionals. The high level of human wealth of contemporary American Jews is not at the expense of non-human wealth. Overall, and … even when other variables including schooling are held constant, Jews have higher levels of wealth and higher rates of …
Persistent link: https://www.econbiz.de/10010269403
This paper investigates the relationship between wealth, ageing and saving behaviour of private households by using … pooled cross sections of German consumption survey data. Different components of wealth are distinguished, as their impact on … wealth. In addition, the savings rate strongly responds to demographic trends. Besides the direct impact of the age structure …
Persistent link: https://www.econbiz.de/10010282619
Do income disparities between men and women translate into longer term wealth disparities? We use the Survey of Income …
Persistent link: https://www.econbiz.de/10010262140
levels, single immigrants have a wealth advantage of almost $185,000 relative to single native-born individuals. Although the … wealth gap between mixed and native-born couples is not statistically significant, immigrant-only couples have approximately … $150,000 less wealth on average than native-born couples. Relative to equally wealthy native-born couples, immigrant …
Persistent link: https://www.econbiz.de/10010268608